The Securities and Exchange Commission (SEC) filed a lawsuit against three individuals behind the fraudulent Stock Options cryptocurrency trading platform and the Bitcoiin2Gen (B2G) digital tokens.
In the lawsuit, the SEC identified the defendants as Kristijan Krstic, the founder of Start Options and Bitcoiin2Gen; John DeMarr, the primary promoter for both companies in the United States; and Robin Enos, who claimed to be the companies’ general counsel.
Allegations against Start Options and Bitcoiin2Gen founder Kristijan Krstic and his co-defendants
Krstic, DeMarr, and Enos allegedly defrauded more than $11 million from hundreds of retail investors whom they deceived to invests in the fraudulent and unregistered initial coin offerings (ICOs).
According to the Commission, Krstic and DeMarr falsely claimed to retail investors that Start Options was a cryptocurrency mining and trading platform between December 2017 and May 2018.
The defendants touted that it was the “largest Bitcoin exchange in euro volume and liquidity” and “consistently rated as the best and most secure Bitcoin exchange by independent news media.”
